Kuwait Fuel Exports At Record High

Kuwait has been exporting record amounts of fuel oil this year, cashing in on the price rally for high sulfur fuel oil (HSFO) and very low sulfur fuel oil (VLSFO). Kpler data shows fuel oil exports hitting a record three...

GulfNav Agrees Terms For Brooge Acquisition

Dubai-listed GulfNav announced on 28 May that it has signed a sale and purchase agreement (SPA) with Nasdaq-listed Brooge Energy for a AED3.3bn ($900mn) purchase of its assets and subsidiaries; namely Brooge Petroleum an...

Major Oil and Gas Companies undergo Leadership Reshuffle

Major Oil and Gas Companies undergo Leadership Reshuffle

Minister of Petroleum and Mineral Resources Karim Badawi approved a new appointment movement that included several chairmen of oil and gas sector companies in the last week of May. Mohamed Ahmed Mohamed Ismail was appoin...

Saudi Oil Export Revenues Drop Sharply

Lower oil prices have taken their toll on Saudi Arabia’s crucial oil export revenues which underpin the kingdom’s economic engine. Falling prices coupled with a modest 1% drop in oil export volumes (MEES, 23 May) pus...